Terry Ledbetter to retire as chairman and CEO of State National
Terry Ledbetter, chairman and chief executive officer (CEO) of re/insurer Markel’s State National division, will retire at the end of 2019. Ledbetter founded State National with his brothers, Lonnie and Garry, in 1973.
He will be succeeded by State National president Matthew Freeman, who will become CEO effective January 1, 2020.
"We thank Terry for everything he has done for State National and Markel," said Richard Whitt, Co-CEO of Markel. "The vision he and his brothers had for taking a small Texas mutual insurance company and building it into the leading fronting business in the industry was simply amazing. We wish him all the best in the next chapter of his life. "Under Terry's leadership, State National established a strong industry reputation built around long-term client relationships, and we're confident Matt will do a great job building on his track record of sustainable growth and success.”
State National is a specialty provider of property and casualty insurance services operating in two niche markets across the United States. Its lender services business insures personal automobiles and other vehicles as collateral for loans made by credit unions, banks, and specialty finance companies. Its program services business provides access for reinsurers and other capital providers to the US property and casualty insurance market in exchange for ceding fees.
Freeman joined State National in 2016 as president. Markel acquired State National Companies in November 2017.
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
Gallagher CEO Matson sorry for ‘insensitive comments’ in Ardonagh row
SSL Endeavour to launch MGA in Miami, USA
Zurich sets ambitious targets for 2020-2022
Energy and marine underwriters to be impacted by EU Turkey sanctions
Allianz launches new cyber product for mid-corporates
Praedicat to develop peril casualty product from Lloyd’s Lab
Sizable rate hikes for North American commercial insurance buyers
Flooding in Northern England could cost industry £120m: PwC
Growth rate slowing, risk perception growing in middle market
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze